Dick Larkin's Palm Beach Post Weekly Column: Municipal Bond Insurance: A Short History

Dick Larkin
Director of Credit Analysis
Stoever Glass & Co., Inc.
P: (862) 432-8818
E: dlarkin@stoeverglass.com

Valentine’s Day, 2008. My first day on the job at a new company, and I’m testifying in Congress about the municipal bond insurance crisis. At the time, there were five companies rated AAA/Aaa. Within months, four folded, and one had to be restructured because of failures in securitized bonds which most believed were safe. Big mistakes and major contributors to the 2008 financial market crisis.

Click on the PDF below for full article.

description
03/06/2017 | Valentine’s Day, 2008. My first day on the job at a new company, and I’m testifying in Congress about the municipal bond insurance crisis.
Select Article Type
Dick Larkin Articles
News Author
Other

Contact

©Stoever Glass. All rights reserved.